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Mortgage Rates Could Offset North Georgia Mountain Housing Price Rises
When the Wall Street Journal or Forbes run mortgage rate stories as their lead items, those of us who keep an eye on the North Georgia Mountain real estate market pay close attention. I frequently share what they say here. But when even the non-financial outlets like USA TODAY and the cable TV news channels give top billing to real estate market news, it’s a real attention-grabber.
That’s what happened last week. USA TODAY’s online headline focused on the 15-year fixed mortgage rate, “at a record low 2.61%.” The cable news channels talked about record low rates, too (although if you hit the ‘pause’ button long enough to read the TV graphics, you saw that the national average for 30-year loans was still a shade away from the actual record low).
Never mind that; it’s still surprising that mortgage rates continue to linger at such tempting lows.
The reason is hardly a secret: the Federal Reserve is holding rates down to energize the real estate market — a key element of the overall economy. Yet, with existing home sales notching up in the first quarter at the briskest pace in four years, you would have thought that mortgage rates would have been loosened up at least somewhat. And with new home sales doing their best since 2008… Read the rest of this entry »
Hiawassee Georgia Real Estate Market Update
The median list price in April for single family homes in Hiawassee Georgia is $225,000. The list prices increased by 2.31% from the previous month. The price per square foot for listings in this area is $105.
The median sale price in December for single family homes is $140,000. The sale prices dropped by -30.17% from the previous month. The price per square foot for sales in this area is $80. Read the rest of this entry »
Blairsville Georgia Real Estate Market Update
The median list price in April for single family homes in Blairsville Georgia is $199,500. The list prices increased by 0.25% from the previous month. The price per square foot for listings in this area is $108.
The median sale price in January for single family homes is $134,200. The sale prices increased by 3.23% from the previous month. The price per square foot for sales in this area is $88.
Blairsville Georgia January 2013 Real Estate Market Report
The median list price in January for single family homes located in Blairsville within Union County in the North Georgia Mountains is $195,000. The list prices dropped by -1.7% from the previous month. The price per square foot for listings in this area is $117.
The median sale price in July for single family homes is $104,500. The sale prices dropped by -23.3% from the previous month. The price per square foot for sales in this area is $79.
Ellijay Georgia December 2012 Real Estate Market Report
The median list price in December for single family homes in Ellijay, GA. located in the North Georgia Mountains is $199,000. The list prices increased by 4.79% from the previous month. The price per square foot for listings in this area is $122.
The median sale price in July for single family homes is $141,000. The sale prices increased by 27.02% from the previous month. The price per square foot for sales in this area is $61.
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